- SGX rallying Singapore’s financial community to raise funds for 17th year
- Exchange pledges a total of S$1.5 million; will match contributions up to S$1 million and donate a further S$5 per kilometre completed, up to 100,000 km
SGX Bull Charge, the flagship charity initiative of Singapore Exchange (SGX), is going virtual. For the first time, its annual Charity Run has been transformed into a two-week virtual fundraiser to prioritise the well-being of participants as they go the extra mile for a good cause.
To be held from 30 October to 13 November, the 17th edition of the SGX Bull Charge Charity Run is open to both local and international runners. It will kick off with a virtual 3km Chief Challenge involving CEOs and chiefs of companies. Participants in the virtual Mass Run will each run at their own pace and space, with the aim of achieving a collective distance of 100,000 km to form a “charging bull” symbol. More information can be found at https://bullcharge.sgx.com/.
Corporate sponsors led by Bank of America, Hewlett-Packard Singapore (Sales) and Industrial and Commercial Bank of China (Singapore Branch), participants in SGX’s Commodities Unplugged webinar series, as well as SGX staff have started the fundraising. The exchange will match contributions dollar for dollar up to S$1 million and donate a further S$5 for every kilometre completed, up to 100,000 km. Partnering Community Chest, all proceeds will be channelled to the adopted beneficiaries for 2020: AWWA Ltd., Autism Association (Singapore), Fei Yue Community Services, HCSA Community Services and Shared Services for Charities.
Mr. Loh Boon Chye, Chief Executive Officer of SGX, said, “Given the challenges the world is facing today, it has become even more important for us to look after each other. We are excited to rally the financial community in new ways to raise funds for our beneficiaries. Over the years, they have come to rely on our corporate sponsors and partners and we are confident that our collective efforts can support them through this period.”
SGX Bull Charge is the only corporate charity initiative that brings together Singapore’s financial community and listed companies to support the needs of underprivileged children and families, persons with disabilities, as well as the elderly. Since 2004, it has raised S$39 million for more than 50 charities, helping beneficiaries lead a more positive, meaningful and comfortable life. In March, SGX introduced a S$5 million SGX Care Package that included funds to cover beneficiaries for expenses such as the purchase of thermal scanners, surgical masks, hand sanitisers and disinfectants.
*Corporate sponsors so far include Bank of America, Hewlett-Packard Singapore (Sales), Industrial and Commercial Bank of China (Singapore Branch), Nasdaq Market Technology, IFIS Asia Holdings, NetLink Management, Sasseur Asset Management, EC World Asset Management, Bank of China Ltd. (Singapore Branch), Shanghai Pudong Development Bank (Singapore Branch), China Construction Bank Corporation (Singapore Branch), GENK Capital, HNK Alpha, Golden Energy and Resources as well as IPC Information Systems (Singapore).
